DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC increased its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 74.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,447 shares of the company’s stock after purchasing an additional 9,126 shares during the period. Tidal Investments LLC’s holdings in DoorDash were worth $3,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $29,000. Denver PWM LLC acquired a new position in DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash in the fourth quarter worth approximately $34,000. IFP Advisors Inc increased its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after acquiring an additional 69 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $184.85, for a total value of $3,697,000.00. Following the completion of the sale, the chief operating officer now owns 887,348 shares in the company, valued at approximately $164,026,277.80. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the completion of the sale, the chief financial officer now directly owns 337,430 shares of the company’s stock, valued at $63,173,644.60. The trade was a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 158,573 shares of company stock worth $30,407,073. Corporate insiders own 5.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DASH shares. Morgan Stanley lowered their price target on DoorDash from $245.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. FBN Securities started coverage on shares of DoorDash in a research report on Friday, March 28th. They issued an “outperform” rating and a $230.00 target price on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $210.00 target price (up previously from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $230.00 price target on shares of DoorDash in a research note on Wednesday, May 7th. Finally, Susquehanna increased their price objective on shares of DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.97.

DoorDash Trading Up 1.5%

Shares of NASDAQ:DASH opened at $205.18 on Wednesday. The firm has a 50 day simple moving average of $186.86 and a 200-day simple moving average of $182.99. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $215.25. The company has a market capitalization of $86.94 billion, a PE ratio of 759.93 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business earned ($0.06) EPS. DoorDash’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities research analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

DoorDash Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.